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Starboard Value buys Pfizer, exits Humana in Q4

Starboard Value buys Pfizer, exits Humana in Q4

Jeffrey Smith’s Starboard Value disclosed in an SEC filing its holdings as of December 31, 2024. The fund’s new buys during the fourth quarter included, by size of position, Kenvue (KVUE), Pfizer (PFE), Healthcare Realty Trust (HR), iShares Core S&P Mid-Cap ETF (IJH), and Riot Platforms (RIOT). Starboard exited two positions during the quarter, including iShares Russell 2000 Value ETF (IWM) and Humana (HUM). The fund increased its stake in Match Group (MTCH), Alight (ALIT), and Algonquin Power (AQN), and reduced its stake in Salesforce (CRM), Autodesk (ADSK), Wix.com (WIX), Fortrea (FTRE), and Green Dot (GDOT). Starboard’s top holdings as of December 31, in order of size, were GoDaddy (GDDY), Gen Digital (GEN), Match Group, Kenvue, and Pfizer.

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